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Posts Tagged ‘MN’

Weekly Real Estate Update
February 3, 2014

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Optimistic housing start stats encourage rumors that 2014 should be another year of recovering. Activity may not be volatile enough to garner bold headlines, which suits residential real estate markets just fine. The steady-as-she-goes pace and quietly consistent good news should bring out a few more previously underwater sellers to list their homes. Keep an eye out for fresh inventory and keen interest from hungry buyers.

In the Twin Cities region, for the week ending January 25:

• New Listings decreased 11.9% to 914
• Pending Sales decreased 13.0% to 663
• Inventory decreased 8.6% to 12,050

For the month of December:

• Median Sales Price increased 13.1% to $190,000
• Days on Market decreased 20.4% to 86
• Percent of Original List Price Received increased 1.0% to 94.7%
• Months Supply of Inventory decreased 15.6% to 2.7

As reported by the Minneapolis Area Association of Realtors

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4505 West Branch Road
List price: $424,900

SOLD

Three Bedrooms ~ Two Baths

Main Floor Master ~ Open Floor Plan ~ Hardwood Floors

Newer Roof and Mechanicals ~ Walkout Lower Level

Double Attached Garage ~ Close to Golf Courses ~ 9.55 Acres

Approximately 2400 Finished Square Feet ~ Taxes: $4208

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For additional information, please contact:

Ellen Walsh
emwalsh(at)cbburnet(dot)com
612.220.3304

Coldwell Banker Burnet Realty

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Weekly Real Estate Update
February 25, 2013

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Here’s an oldie but goodie: All Real Estate is Local. We’ve all heard it. This is why industry insiders don’t pay much attention to national housing statistics. The national housing market is just an agglomeration of local housing markets. You don’t grab an umbrella in Miami based on the weather forecast in Seattle. So why would someone in San Francisco base a home sale or purchase decision on market data from Boston? Here’s your data for your local housing market.

In the Twin Cities region, for the week ending February 16:

• New Listings decreased 4.9% to 1,196
• Pending Sales increased 7.9% to 916
• Inventory decreased 31.0% to 12,309

For the month of January:

• Median Sales Price increased 14.3% to $160,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 2.5% to 93.5%
• Months Supply of Inventory decreased 40.0% to 3.0

As reported by the Minneapolis Area Association of Realtors

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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The other day I was at The Galleria shopping mall in Edina. As I strolled down the hallway, my attention was caught by a large, spherical fountain. I immediately went to see it up close. It was beautiful. It was located within/outside Lili Salon – Spa.

I asked Andrea, a massage therapist at the salon, about the fountain. She told me it was created by Allison Armour. I had suspected as much since I had written about her fountains and garden art some time ago. That post is titled Art in the Garden. It was such a pleasure to see her work in person.

If you’re equally enchanted by this sculpture and fountain (known as an Aqualens), make a point of stopping by to see it. Clever Lili Salon – Spa placed their doors so that the fountain remains outside the salon, allowing visitors to get an up close view any time. I didn’t have my camera to take a photo so here’s one from the original post I wrote about Allison’s work.

Allison Armour Aqualens

A lot of people find the holidays stressful. If you find yourself in need of pampering, perhaps an appointment for services at Lili Salon – Spa will bring needed relief.

Lili Salon – Spa
3464 Galleria
Edina MN 55436
952-935-5000
salonlili.com

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Weekly Real Estate Update
November 5, 2012

Over the course of the year, we’ve cleverly devised new tactics each week to communicate just how far the market has come. This week is no exception. Most level-headed housing advocates agree that lower residential vacancy rates are a good thing. Well, chalk one up for level-headed housing advocates, because Reuters just reported that the U.S. residential vacancy rate fell to 1.9 percent in the third quarter. That’s the lowest level in seven years. It’s just the latest installment of overwhelming bullish housing news.

In the Twin Cities region, for the week ending October 27:

• New Listings decreased 3.0% to 1,037
• Pending Sales increased 11.1% to 914
• Inventory decreased 28.8% to 15,700

For the month of September:

• Median Sales Price increased 12.7% to $174,625
• Days on Market decreased 28.5% to 101
• Percent of Original List Price Received increased 4.1% to 94.8%
• Months Supply of Inventory decreased 38.8% to 4.1

As reported by the Minneapolis Area Association of Realtors

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Photos of the Day
October 31, 2012

I just couldn’t resist these three lovely ladies riding their brooms!

A friend sent this photo of a pumpkin carving contest.

Here are ideas for Decorating for Halloween, Naturally

Have a sweet-filled day and a spooky, fun night.

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Autumn Beauty

On Tuesday I spent the afternoon with a friend. We walked around Lake of the Isles. The crimson and golden hues presented plenty of photo opportunities. Here’s are some photos from the afternoon walk. Big thanks to my friend for stopping and waiting for me to capture all the images.

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